Question

To start making financial plans, you are thinking of some wants and needs in your personal life—you want to go to college out of state, you want to get a used car to go to and from your job, you want to save money to go on a spring break trip, and you also want to buy that pair of sneakers. Of your wants and needs, which one is a long-term financial goal?
Responses

saving for spring break
saving for spring break

buying the pair of sneakers
buying the pair of sneakers

buying a used car
buying a used car

saving for college

Answer 1

Saving for college — it's a long-term goal because it usually requires several years of planning and a large amount of money. The sneakers and spring break are short-term goals, and a used car is typically a medium-term goal.